Supporting Palestinian Local Government Reform in the Financial Aspects

Abstract

This paper aims to examine ways and means of reform aspects in the Palestinian local governments, including reviewing of the recent developments that occurred and implemented by major stockholders, regarding the financial issues, in order to follow up the action plan related to the diagnostic report of supporting Palestinian local government reform. One of the major elements of improving the financial sustainability of the Palestinian local government units is to have an efficient business and utilities projects run by municipalities. The study found that having profitable investments is one of the needed tasks to be conducted; including various strategies which may be related to the Palestinian local government units. This includes establishing profitable investments related to municipal services, private-public participation of managing municipal business projects, using the bonds financial instrument as a financing way of implementing profitable development projects as well as using the long term loans.